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Carol Zingone's Blog

By Carol Zingone | Agent in Jacksonville, FL

Jacksonville, FL's Home Sales Rise - Bucking National Trend!

The Florida Association of Realtors has released May 2011 figures of single family homes in our area (and others, obviously).

Jacksonville area sales rose 4.5% from April, but fell 5% from May 2010.

Sales have been consistent since March 2011 (I may re-post some of my market blogs to re-affirm).

Prices, however, are going in a different direction: UP!

The median sale price in May 2011 was $135,000, which is an increase of the median sale price in April at $125,800. This sales price increase is the best value showing in our local market since December at $136,500.

Comparing this to the state level: Florida single family home sales were up 3% year over year, but media value declined statewide by 5% - making Jacksonville the anomaly, and another fabulous example as to why real estate is LOCAL.

It's our job to report market conditions, and in particular, to educate the public as to what is going on - go out and find some positive news for your market!

Carol Zingone is a full service Broker Associate proudly affiliated with Prudential Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of Certified Distressed Property Expert (CDPE), Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  Recently honored as the Realtor of the Year for the Northeast Florida Association of Realtors for 2009, I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!

Comments

By Bill Eckler-Florida,,  Wed Jun 22 2011, 05:57
All signs that the bottom is behind us and we are finally headed in the right direction....

Bill
By Carol Zingone,  Wed Jun 22 2011, 06:39
Bill - I agree, now we just need to get the public to realize that! Thanks for the comment
By Ethan Roberts,  Wed Jun 22 2011, 11:07
While I applaud your efforts to stir the troops, year over year numbers are much more important than monthly numbers, especially going into the stronger seasonal period.

Also, when one notes percentage increases, it's important to note the sales numbers as well, because if sales numbers were absolutely dismal one month, any increase the following month or even same month year over year can produce skewed percentage increases. If I have a fruit stand and I sell one apple in June, and two in July, my sales went up 100%, but it's not like I'm doing all that well.

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